Exhibit 99.1
Nancy Krejsa
Senior Vice President
Investor Relations and Corporate Communications
Sixth Consecutive Record Year for Six Flags
Full Year Cash EPS1 hits $3.01 Per Share
Fourth Quarter Revenue Grows 18 Percent and Adjusted EBITDA2 34 Percent
GRAND PRAIRIE, Texas — February 18, 2016 —
Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company, today announced that 2015 represented its sixth consecutive year of record financial performance as it grew revenue $88 million or 7 percent to $1.3 billion and grew Adjusted EBITDA2 $42 million or 10 percent to $481 million. The full-year revenue and EBITDA growth resulted primarily from an 11 percent increase in the number of guests visiting Six Flags parks, along with modestly higher ticket prices, success of the company’s all season dining program, and an increase in international licensing fees. Modified EBITDA3 for the year was $520 million while Modified EBITDA margin increased to a new industry high of 41.1 percent. On a constant currency4 basis, which excludes the foreign exchange translation impact from the company’s parks in Mexico and Canada, revenue grew $107 million or 9 percent and Adjusted EBITDA grew $50 million or 12 percent. Attendance at Six Flags properties in 2015 grew by 2.9 million guests to 28.6 million, of which 56 percent were either season pass holders or members.
“Our team delivered a fantastic season for our guests and yet another record year for our shareholders through a combination of new, innovative attractions in every park, higher season passes and membership sales, and strategic pricing initiatives-all of which improve recurring revenue and cash flow for our shareholders,” said Jim Reid-Anderson, Chairman, President and CEO. “We are very well-positioned for the 2016 season, particularly given the 26 percent increase in our Active Pass Base, and I am extremely excited about our unprecedented line-up of new rides and attractions. My confidence in our strategy and the long-term future of our business continues to grow, and we remain laser-focused on delivering our long-term financial target of $600 million of Modified EBITDA by 2017.”
Fourth quarter 2015 revenue grew $34 million or 18 percent to a new record high of $217 million. Strong revenue growth was primarily driven by a 22 percent increase in attendance resulting from the growing popularity of the company’s Halloween- and winter holiday-themed events, Fright Fest® and Holiday in the Park®. Fourth quarter Adjusted EBITDA increased to $62 million, representing a $16 million or 34 percent increase over the fourth quarter 2014. On a constant currency basis, revenue grew $39 million or 22 percent and Adjusted EBITDA grew $18 million or 42 percent. Attendance for the fourth quarter grew by 944 thousand guests to 5.2 million.
Diluted earnings per share for 2015 was $1.58, representing an increase of $0.81 or 105 percent over 2014. Cash Earnings Per Share1 for 2015 was $3.01, an increase of $0.38 or 14 percent over 2014.
The company’s Active Pass Base, which represents the total number of guests who have purchased a season pass or who are enrolled in the company’s membership program, increased 26 percent from December 31, 2014 to December 31, 2015. The significant increase in the Active Pass Base is in line with the company’s overall strategy to upsell guests to multi-visit passes. Season pass holders and members are the company’s most valuable guests since they generate higher revenue and cash flow for the company than a single day guest, and also provide an excellent hedge against inclement weather throughout the season.
Deferred revenue of $97 million increased by $26 million or 36 percent from December 31, 2014 primarily due to a higher level of season pass, membership and All Season Dining Pass sales for the 2016 season.
Total guest spending per capita in 2015 was $41.60, a decrease of $1.37 or 3 percent compared to 2014, half of which related to changes in year-over-year foreign currency exchange rates. On a constant currency basis, full year total guest spending declined $0.67 or 2 percent due to the higher mix of season pass and member attendance.
For the fourth quarter of 2015, guest spending per capita was $37.87, a decline of $1.08 or 3 percent, all of which related to changes in foreign currency exchange rates. On a constant currency basis, fourth quarter guest spending per capita increased $0.07.

The following information was filed by Six Flags Entertainment Corp (SIX) on Thursday, February 18, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Six Flags Entertainment Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Six Flags Entertainment Corp.


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Get a Better Picture of a Company's Performance

Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years


Log in with your credentials


Forgot your details?

Create Account